On January 28, 2025, the ICAI released Volume I and II of the revised (13th) edition of the Background Material on Goods and Services Tax (GST). This updated edition provides comprehensive insights into GST law, incorporating amendments from Notifications and Circulars issued up to January 20, 2025.
GST Evolution and Improvements: Over the past 7.5 years, GST in India has transformed significantly, enhancing compliance, transparency, and revenue collection through strengthened digital infrastructure and evolving provisions.
ICAI’s Role in GST Knowledge Sharing: The Institute of Chartered Accountants of India (ICAI), through its GST & Indirect Taxes Committee, plays a pivotal role in educating stakeholders, publishing technical materials, and building capacity for GST compliance.
Revised Background Material: The 13th edition of ICAI’s flagship publication, Background Material on GST, offers a comprehensive, updated understanding of GST law, including amendments up to 20th January 2025.
Economic and Administrative Milestones: GST has simplified the tax structure, enhanced transparency, promoted economic growth, and improved ease of doing business, with recent developments like GST tribunals easing dispute resolution.
Training and Capacity Building: ICAI conducts various initiatives, including certificate courses, webinars, and workshops, to train Chartered Accountants, government officials, and stakeholders in GST compliance and advisory functions.
For Volume – I : CLICK HERE
For Volume – II : CLICK HERE